EUR/USD: wave (ii) is about to end

EUR/USD: wave (ii) is about to end

Image20170904111019001.png

There's developing wave 4, which is likely going to take the form of a zigzag. So, we could have a downward impulse in wave [c] soon. If a pullback from 1/8 MM Level happens afterwards, there'll be an opportunity to have another bullish rally.

Image20170904111019002.png

Wave [b] has been formed like a zigzag, so there's a bearish impulse in wave (i). At the same time, wave (ii) is about to end, so we're likely going to have a decline in wave (iii) of [c] during the day.

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